Minebea-Matsushita Motor Corporation

April 1, 2004

Minebea-Matsushita Motor Corporation, jointly established by Minebea Co., Ltd.(Minebea) and Matsushita Electric Industrial Co., Ltd.(Matsushita), integrates all functions of the information equipment motor business of both companies in four categories - axial fan motors, stepping motors, vibration motors and direct current (DC) brush motors.

While competition in the information equipment motor business is becoming increasingly severe worldwide, especially due to the industry consolidation led by Japanese manufacturers and the rise in the number of market newcomers from China, further growth in demand can be expected in new product applications such as digital home appliances including plasma TVs and LCD TVs, information terminals including personal computers and mobile phones, and game machines.

The joint venture company, with the aim of capturing the leading position in markets worldwide in relevant product categories, taps Minebea's advanced ultra-precision machining, mass-production technologies, cost competitiveness and Matsushita's cutting-edge product development technologies to strengthen its high added-value product development/manufacturing capabilities and accelerate development speed, as well as establishing strong customer support structure.

Corporate Information

Company name Minebea-Matsushita Motor Corporation Principal Office 1-8-1, Shimo-Meguro, Meguro-ku, Tokyo, Japan Date of Establishment April 1, 2004 Capital 10,000 million yen Share holding ratio 60% by Minebea 40% by Matsushita Representative Tosei Takenaka, President and Representative Director Number of Employees Approximately 9,800 (worldwide) Principal lines of business Development, manufacturing and sales of fan motors, stepping motors, vibration motors and DC brush motors Manufacturing Units Japan, Thailand, Singapore, China, Malaysia Major Customers and (Customers) suppliers Canon Inc., Ricoh Company, Ltd., Fuji Xerox Co., Ltd., Matsushita (Suppliers) Nippon Steel Corporation, Sumitomo Metal Industries, Ltd., SANYO Electric Co., Ltd., Matsushita, Minebea Directors (As of April 1, 2004)

President and Tosei Takenaka Vice President and Miyuki Furuya Representative Director Representative Director Director Kaoru Matsumoto Director Kunitake Matsushita Director Shuji Uehara Director Kazuhisa Takahashi Director Kengo Katsuki Director Yugen Ota Absentee Director Rikuro Obara Absentee Director Ikuo Miyamoto

Standing Corporate Auditor Tomihiro Maruta Absentee Auditor Masaaki Katagiri Absentee Auditor Takeshi Hosomi

Contact: Minebea-Matsushita Motor Corporation ARCO Tower, 18th Floor, 1-8-1 Shimo-Meguro, Meguro-ku, Tokyo 153-0064, Japan Te l 81-3-5434-8831 Fax 81-3-5434-8830

Vibration motors Fan motors

PM-type stepping motors

DC brush motors Hybrid-type stepping motors